Business
CT REIT Completes Offering of $300M 4.357% Series K Senior Unsecured Debentures due December 5, 2031
CT Real Estate Investment Trust ("CT REIT") (TSX: CRT.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain of the provinces of Canada (the "DebentureOffering"), of $300 million aggregate principal amount of series K senior unsecured debentures with a 5.5-year term and a coupon of 4.357% per annum (the "Series K Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of existing indebtedness,
About this update from Ct Real Estate Investment Trust
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, May 28, 2026 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: CRT.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain of the provinces of Canada (the "Debenture Offering"), of $300 million aggregate principal amount of series K senior unsecured debentures with a 5.5-year term and a coupon of 4.357% per annum (the "Series K Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of existing indebtedness, including the outstanding $200 million Series D Debentures, which mature on June 1, 2026, to pay down amounts owing under its credit facilities, and to retain the balance of the proceeds for general business purposes.","length":784,"tagName":"p"},{"type":"text","content":"The Series K Debentures have been rated "BBB" with a stable trend by Morningstar DBRS. The Series K Debentures are direct senior unsecured obligations of CT REIT.","length":172,"tagName":"p"},{"type":"text","content":"The Debenture Offering was led by RBC Capital Markets, CIBC Capital Markets and BMO Capital Markets. The Series K Debentures offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series K Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.","length":584,"tagName":"p"},{"type":"text","content":"About CT Real Estate Investment Trust","length":37,"tagName":"p"},{"type":"text","content":"CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totaling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenan...